Gulftainer has won a bid to develop and run a new container port in Tripoli, Northern Lebanon. An investment of $60 million will fund machinery for the new port, including three ship-to-shore gantry cranes, nine yard cranes and up-to-date technology to manage the yards and containers in the new port smoothly.
Once the port has been completed, it will be able to receive some of the largest container ships in the Eastern Mediterranean. The new Port of Tripoli will alleviate some of the congestion at nearby Port of Beirut, and an alternative terminal to that of Tartous and Lakakia in Syria.
The new port will provide another route for imports and exports to Iraq from the Mediterranean Sea. This will cut transit times from Europe to Iraq, allowing cargo to pass through the new Tripoli Port and travel via road to its destination in Iraq. Currently the Umm Qasr Port (Iraq) and the Gulftainer Port in Tripoli (Lebanon) are not linked via rail, although it would only take 31km of track to link the two ports.
Call Mercator today to discuss your shipment to or from Lebanon – Tel. 02392 756 575. Email: sales@mercatorcargo.co.uk.
After a very slow and somewhat dismal start to 2011 it looks like Airfreight Export and Import cargo is finally picking up with growth since January around 4% and the annual forecast should be between 5-10% up on the second half of 2010.
However rising fuel prices have squeezed margins for most carriers with increases in Fuel meaning that to secure business the carriers have had to cut basic Airfreight Rate per KG to hold onto and increase market share.
It remains to be seen if traditional Summer and Christmas “peak seasons” will drive volume up, it seems likely that the costs incurred for exporting or importing by air could well result in volumes remaining low until first quarter 2012 when the London olympics should begin to increase overall Import Volume, especially into London Heathrow.
For more information, or air freight rates, services and general guidance please contact one of our expert team at Mercator Cargo Systems on 02392 75 65 75
Many carriers are putting planned GRI (General Rate Increase) for the 1st of August on hold due to lower than forecasted Peak Season Container bookings, a number of carriers are already announcing the scrapping of increases way ahead of the proposed implementation date, with most citing growth and volumes at low levels even as we approach the traditional peak season for Christmas goods to begin shipping.
Some industry sources say that peak season this year will fail to materialise, due to the historically low freight rates but also due to some customers getting burnt in previous years with space problems, some of them having already arranged shipment and in some cases already fully stocked for Christmas.
For more information on this or any other container, import or export, freight or international trade matters please call the expert team at Mercator Cargo on 02392 756575
10, St George’s Business Centre,
St Georges Square,
Portsmouth, PO1 3EZ, UK
Mercator is a family-run, UK based independent freight forwarder, offering highly effective sea, road and air freight services around the world.
